Enterprise Mobile Application Development Platform Market Overview
Enterprise Mobile Application Development Platform Market Size was valued at USD 9.5 Billion in 2022. The Enterprise Mobile Application Development Platform market industry is projected to grow from USD 11.93 Billion in 2023 to USD 73.89 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 25.60% during the forecast period (2023 - 2032). Increasing the use of mobile apps and the growing use of cloud computers are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Enterprise Mobile Application Development Platform Market Trends
- Growing use of mobile gadgets in the business sector is driving the market growth
Market CAGR for enterprise mobile application development platforms is driven by businesses increasingly using mobile gadgets. Smartphones are used in industry because they improve productivity, mobility, and safety. They also help workers improve customer service and stay in touch with customers and suppliers. It gives employees more ways to work quickly and from home. As the number of businesses that use mobile phones grows, so does the number of companies that need mobile apps. So, the rise of the mobile application development platform market is due to the growing number of mobile devices. Mobile technology is becoming increasingly vital for businesses to handle business functions on a mobile platform. It has driven the demand for mobile application development platforms. Accessibility, functionality, features, and a great user experience are some of the most important parts of a mobile application creation platform.
Additionally, the Internet of Things (IoT) and connected gadgets are improving. As the number of people who use the Internet of Things (IoT) and wearable devices grows, app makers have started to look into what they can do with apps on IoT and wearable devices. Developers are making apps to control and watch IoT devices because there is a growing need for them in smart home and business automation solutions. Also, the ever-increasing e-commerce industry and the speed with which technology is changing are pushing small and medium-sized businesses (SMEs) to make online shopping apps and reach more customers. It and the rising demand for new social networking and games apps are also helping the enterprise mobile application development platform's market growth.
For instance, SAP launched SAP Datasphere, the newest iteration of its data management portfolio, to give customers instant access to data prepared for business across the data landscape. It is announcing cooperative ventures with leading data and A.I. companies, SAP. As a result, demand for enterprise mobile application development platforms is anticipated to increase throughout the projection period due to the rising use of smartphones. Thus, the driving factor is enterprise mobile application development platform market revenue.
Enterprise Mobile Application Development Platform Market Segment Insights:
Enterprise Mobile Application Development Platform Deployment Insights
The global enterprise mobile application development platform market segmentation, based on deployment, includes cloud-based and on-premise. In 2022, the on-premise segment led the enterprise mobile application development platforms market in revenue because it is easier for companies to use than an on-premises setup. After all, it is flexible regarding how it works and can be set up in real time. It also has a lot of benefits, such as lower running costs, an easy deployment process, and more connected resources that can be added as needed.
Enterprise Mobile Application Development Platform End-User Insights
The global enterprise mobile application development platform market segmentation, based on end-users, includes SMBs and large enterprises. The SMBs sector is expected to develop at a CAGR of 25.60% over the projected period, making up the largest market share due to App creation for small and medium-sized businesses is on the rise because a company with a mobile app gives its customers a lot of speed and convenience. Mobile apps will also be very important in keeping people coming back.
Figure 1: Global Enterprise Mobile Application Development Platform Market by End-Users, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Enterprise Mobile Application Development Platform Vertical Insights
The global enterprise mobile application development platform market segmentation, based on vertical, includes BFSI, healthcare, manufacturing, retail, IT & Telecommunication. The market has the largest IT & Telecommunication market share, expected to grow fastest at a CAGR of 25.60% over the next several years. They can talk directly with customers, get the information they need from anywhere and at any time, keep up with their market, and build tools and relationships that help them stay competitive.
Enterprise Mobile Application Development Platform Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American enterprise mobile application development platform market will dominate because many people have mobile phones, and more and more people use and like mobile apps. Also, the rise of the market is helped by the fact that there are a lot of big mobile app makers and solution providers.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: GLOBAL ENTERPRISE MOBILE APPLICATION DEVELOPMENT PLATFORM MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe’s enterprise mobile application development platform market accounts for the second-largest market share because many businesses use new technologies immediately. Further, the German enterprise mobile application development platform market held the largest market share, and the UK enterprise mobile application development platform market was the fastest-growing market in the European region.
The Asia-Pacific enterprise mobile application development platform market is expected to expand at the fastest CAGR from 2023 to 2032 because the need for new ideas and advanced tools is getting bigger and bigger. Also, the market is expected to grow over the next few years because of government programs that help digitalization in the Asia-Pacific region and the growing number of startups. Moreover, China’s enterprise mobile application development platform market held the largest market share, and the Indian enterprise mobile application development platform market was the fastest-growing market in the Asia-Pacific region.
Enterprise Mobile Application Development Platform Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the enterprise mobile application development platform market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the enterprise mobile application development platform industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the global enterprise mobile application development platform industry to benefit clients and increase the market sector. In recent years, the enterprise mobile application development platform industry has offered some of the most significant technological advancements. Major players in the enterprise mobile application development Platform market, including Adobe Systems, Inc. (U.S.), IBM Corporation (U.S.), Salesforce., Inc. (U.S.), SAP SE (Germany), Apple, Inc. (U.S.), MobileIron, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Red Hat, Inc. (U.S.), and IntellectSoft (U.S.), and others, are attempting to increase market demand by investing in research and development operations.
IBM is a top provider of consulting skills, global hybrid clouds, and artificial intelligence. We assist clients in more than 175 countries in leveraging data insights to improve business operations, cut costs, and gain a competitive edge. More than 4,000 government and business entities in key infrastructure sectors. Our clients benefit from IBM's ground-breaking advancements in AI, quantum computing, industry-specific cloud services, and consultancy. It is supported by IBM's outstanding dedication to reliability, accountability, responsibility, inclusivity, and service. In May 2023, IBM acquired Polar Security, a technology innovation that helps businesses find, continually monitor, and safeguard data from cloud and software-as-a-service (SaaS) applications. This acquisition by IBM addresses the growing shadow data issue.
Adobe is using digital experiences to transform the world. Creativity is a genetic trait. Our revolutionary developments are redefining the potential of digital experiences. We link content and data, introducing new technologies that democratize creativity, influence the next wave of storytelling, and stimulate completely new economic sectors. In an environment where everyone is recognized, respected, and given an equal chance at success, we aim to hire the greatest talent and build extraordinary employee experiences. The team produces amazing creative advertising and campaigns focused on everything from visual brand expression to brand purpose. In April 2023, Longtime R&D partners Adobe and NVIDIA are working together again to explore the potential of generative A.I. and improve creative workflows. The top marketers and producers worldwide will use the applications that Adobe and NVIDIA jointly develop, focused on deep integration.
Key Companies in the Enterprise Mobile Application Development Platform market include
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SAP SE (Germany)
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Apple, Inc. (US)
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IBM Corporation (US)
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Microsoft Corporation (US)
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Oracle Corporation (US)
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Red Hat, Inc. (US)
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IntellectSoft (US)
Enterprise Mobile Application Development Platform Industry Developments
May 2023: IBM launched IBM Hybrid Cloud Mesh, a SaaS solution intended to help businesses manage their hybrid multi-cloud architecture. With "Application-Centric Connectivity" at its core, IBM Hybrid Cloud Mesh is designed to automate the process, management, and observability of application connectivity in and between public and private clouds, assisting modern enterprises in managing their infrastructure across hybrid multi-cloud and heterogeneous environments.
June 2022: Oracle has introduced the X10M, the most recent generation of Oracle Exadata platforms, which offers unmatched performance and availability for all Oracle Database workloads. These systems start at the same price as the previous generation, have more capacity, and support database consolidation to higher levels, but they also offer a much superior overall package.
Enterprise Mobile Application Development Platform Market Segmentation
Enterprise Mobile Application Development Platform Deployment Outlook
Enterprise Mobile Application Development Platform End-User Outlook
Enterprise Mobile Application Development Platform Vertical Outlook
- BFSI
- Healthcare
- Manufacturing
- Retail
- IT & Telecommunication
Enterprise Mobile Application Development Platform Regional Outlook
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North America
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Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
